Claims Against Lenders Will Rise

AUTHOR(S)

Rutkin, Alan S.

PUB. DATE

January 2009

SOURCE

Best's Review;Jan2009, Vol. 109 Issue 9, p68

SOURCE TYPE

Trade Publication

DOC. TYPE

Article

ABSTRACT

The article focuses on the belief that bad loan claims against lenders will increase in the U.S. in 2009. A report was released in November 2008 stating that some consultants are estimating insurance payouts claims to reach $9 billion. In this connection, lenders should understand the extent to which they are taking on risky loans.

ACCESSION #

36025536

Related Articles

The article discusses a new product from LoanPerformance that mortgage lenders can use to determine a borrower's likelihood to repay a mortgage in the short term. The program, PreTell, analyzes borrowers payment records and uses First American property records and household demographic data to...

Discusses how publicly traded payday lenders have revamped their business lines in a number of states. Description of changes that payday lenders are making; How many are offering loans to its customers.

Discusses the failure of insurance companies to incorporate technology solutions in integrating loss inspection reports into their workflow. Concerns over the reliance of insurance companies on the risk assessment aspect of the underwriting process; Challenges regarding paper-based inspection...

The author reflects on the system called house of cards that uses derivatives and collateralized debt obligation (CDO) structures to shuttle risk in and out of the lending calculus. He states that the models are supposed to contain potential hazards and made a sense of uncertainty among lenders....

Reports on paths to get the benefits of investments. Aspects on how investors can use income from investments; Need to appreciate the risk involved in margin lending; Role of advisers in the financial market.

The article analysis the competition between specialist mortgage and prime mortgage lenders in Great Britain. The super-light offerings of specialist lenders effectively brought them into competition with prime lenders that allow customers more flexibility and higher loan-to-value ratio. Prime...

The article advises brokers and their clients in Great Britain to be cautious despite the revitalization of the mortgage market. Amid mortgage approvals and increasing house prices, analysts are warning that the market is unlikely to take off again. It is noted that the market is at risk of...

The author reflects on the announcement by Leeds Building Society about its 0 percent for three months products. He points out the need for underwriting innovation following the credit crunch. He believes clients appreciate lenders adoption of the policy of pricing for risk. He also notes that...